China's CDB Leasing places $1.26 billion CFM LEAP-1A engine order

First Chinese lessor to order all LEAP engine models (-1A/-1B/-1C)

November 1, 2016

CDB Leasing has selected CFM LEAP-1A engines to power 100 percent of its first batch of next generation single-aisle aircraft orders. The firm engine order is valued at $1.26 billion U.S. at list price and deliveries are scheduled between 2018 and 2021.

"We believe our customers will benefit greatly from operating the highly efficient, reliable LEAP-1A engines," said the president of CDB Leasing. "What we have seen of the engine's performance in commercial service so far has given us great confidence that it is the right engine for our new single aisle aircraft and will provide the operating economics our customers expect, that will substantially reduce emissions which is consistent with CDB Leasing's Green Growth core value."

"We are so pleased by CDB Leasing's trust in our products and service," said Jean-Paul Ebanga, president and CEO of CFM International. "CFM is committed to providing our best support to our operators and leasing company customers, to support their goals of providing passengers with the highest quality air travel."

The LEAP-1A engine entered commercial service on August 2, 2016. A total of 10 aircraft have been delivered to date and the in-service fleet has logged nearly 3,000 flights to date. The engine is delivering the promised 15 percent improvement in fuel efficiency, along with an equivalent reduction in CO2 emissions; a 50 percent margin to new emissions regulations; a dramatically lower noise signature; and CFM's industry-leading reliability and low overall operating costs.